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118-122 W 21st St
5,700 - 20,400 SF of Retail Space Available in Norfolk, VA 23517
Highlights
- 118-121 W 21st Street offers divisible storefront space with up to 20,470 contiguous square feet in the Ghent Business District.
- Centrally located on the corner of a heavily trafficked commercial corridor with excellent exposure to over 10,000 daily drivers.
- Building features include 14-foot ceilings, a loading area, a roll-up door, a sprinkler system, and the potential for additional warehouse space.
- 118-121 W 21st Street is within walking distance of a vibrant mix of local eateries, national retailers, breweries, and Downtown Norfolk.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 118 | 14,700 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 122 | 5,700 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Double Net |
1st Floor, Ste 118
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 20,400 SF of adjacent space
1st Floor, Ste 122
Furniture included in lease if needed.
- Lease rate does not include certain property expenses
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 20,400 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 118-122 W 21st St , Norfolk, VA 23517
| Property Type | Retail | Gross Leasable Area | 20,400 SF |
| Property Subtype | Freestanding | Year Built | 1946 |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 20,400 SF |
| Year Built | 1946 |
About the Property
118-121 W 21st Street offers well-maintained retail space in the heart of the Ghent Business District, within walking distance to Downtown Norfolk. This single-story, 22,500-square-foot storefront property features high 14-foot ceilings, a loading area, one roll-up door, and a sprinkler system. The divisible space offers up to 20,470 square feet of contiguous space available for immediate move-in. Additional warehouse space is also available. 118-121 W 21st St sees over 10,000 daily drivers and is ideal for a gym, an entertainment venue, a gallery, a restaurant, an antique mall, or a boutique shop. The property sits near a vibrant mix of local eateries, national retailers, and breweries, including 80/20 Burger Bar, O's Donuts, Five Guy's, sweetFrog, Island Krave, Baker's Crust, Orangetheory Fitness, and O'Connor Brewing Co. Ghent is a historic neighborhood near the Elizabeth River with picturesque architecture and a plethora of shopping, dining, and nightlife. Set up shop in Norfolk's lively Ghent district at 118-121 W 21st Street and discover the immense advantages of this bustling locale.
- Bus Line
- Signage
Nearby Major Retailers
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Simon Hounslow - Fentress Realty Inc.
Presented by
Fentress Realty Inc.
118-122 W 21st St
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